Q4 GDP projections have been jacked up higher all over the place:
- Morgan Stanley 8.7%
- JPMorgan 7.0% (previously at 5%)
- Atlanta Fed 8.6% (previously 8.2%)
- Capital Economics 6.5% (previously 4%)
Goldman Sachs too, not quite as effervescent as those above but at 6% q/q certainly not too shabby. GS cite:
- their larger expected contributions from inventories and goods exports
- strong Q3 pace of gross domestic income (+6.7% annualized)